Discovery and AT&T have made up our minds the 13 participants of the board of administrators for Warner Bros Discovery, the brand new corporate that might be created by way of a pending $43 billion merger.
The board contains many current administrators for Discovery and AT&T, mother or father of WarnerMedia and shortly to be a spouse within the new entity. Samuel Di Piazza, who lately sits on AT&T’s board, might be chairman of Warner Bros. Discovery.
Discovery CEO David Zaslav, who will lead the brand new corporate, might be a Discovery designee to the WBD Board. As agreed within the preliminary merger proposal final Might, Discovery will get six designated board participants and AT&T will get seven. John Malone, a billionaire and extensively revered media veteran, is among the key Discovery alternatives and had lengthy advocated for the merger with WarnerMedia.
Present AT&T board participants being named to the WBD Board will step down from their AT&T board positions upon the final of the combo.
“I sit up for running along and profiting from the collective revel in of this crew of prominent leaders,” Zaslav mentioned. “This board brings numerous non-public views, robust observe information and valuable business wisdom. Its stewardship will assist identify the corporate because the premier author of impactful storytelling throughout genres and platforms.”
The merger used to be licensed final week via Discovery shareholders, clearing the overall hurdle prior to it may be finished. Best administrative and procedural steps stay, and expectancies are for the ink to dry via early April.
Right here, in alphabetical order, are the remainder of the board participants, whose phrases will start as quickly because the deal closes:
Robert R. Bennett – a Discovery director since 2008 and managing director of Hilltop Investments, a personal funding corporate
Li Haslett Chen – founder and CEO of Narrativ, a trade and bills platform
Richard W. Fisher – former CEO of the Federal Reserve Financial institution of Dallas from 2005 till 2015.
Paul A. Gould – A Discovery, Inc. director since 2008 and managing director and EVP at funding financial institution Allen & Co.
Debra L. Lee – a present AT&T director, chair of Main Girls Outlined Basis, an LA-based nonprofit schooling and advocacy group; and BET Networks chair and CEO from 2006 till 2018
Dr. John C. Malone – a Discovery, Inc. director since 2008 and chairman of the forums of Liberty Media Company, Liberty Broadband Company and Liberty International
Fazal Service provider – senior guide to 6th Side road Companions and previous Co-CEO of Tanium Inc., a subscription-based world cyber-security and IT control corporate
Steven A. Miron – a Discovery, Inc. director since 2008, and CEO of the privately held media corporate Advance/Newhouse, and a senior government officer at Advance, a personal, family-held industry that owns and invests in media and era firms
Steven O. Newhouse, Co-President of Advance, a personal, family-held industry that owns and invests in firms throughout media, leisure, era, communications, schooling, mass participation sports activities and different sectors
Paula A. Worth – former CFO of Macy’s
Geoffrey Y. Yang – a present AT&T director and founding spouse and managing director of Redpoint Ventures, a world non-public fairness and undertaking capital company founded in Woodside, CA